Gazprom targets increased gas sales in Europe

Gazprom targets increased gas sales in Europe:

"Gazprom, the world’s largest gas producer, on Thursday reported a 21 per cent rise in profit in 2016 as the Russian energy company signalled it would continue to target increased sales in Europe despite rising competition.

Record demand from Europe helped state-controlled Gazprom shrug off a fall in gas prices last year, and the company is pushing ahead with two new large pipelines to boost shipments to the EU.

Gazprom, which has been beset by political pressure and legal challenges in the EU over allegations that it abuses its role as the region’s leading gas supplier, reported net income of Rbs951.6bn ($16.7bn) for 2016, up 21 per cent compared with 2015 and exceeding analysts’ estimates."



'via Blog this'

Mediclinic in record jump on Abu Dhabi policy move

Mediclinic in record jump on Abu Dhabi policy move:

"Hospital operator Mediclinic had its best day on record on Thursday after Abu Dhabi scrapped cost-sharing on private medical treatment. Effective immediately, United Arab Emirates residents with Thiqa medical insurance cover will no longer have to pay 20 per cent of the bill for private treatment, Abu Dhabi crown prince Sheikh Mohammed bin Zayed al-Nahya announced during a hospital visit aimed at promoting medical tourism. The UAE had introduced the co-pay rule in July 2016, which triggered a 40 per cent slump in Mediclinic’s local patient volumes and led to staff shortages."



'via Blog this'